LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares were up 3.6% on Thursday . The stock traded as high as $4.12 and last traded at $4.07. Approximately 126,307 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 465,988 shares. The stock had previously closed at $3.93.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of LG Display from a "buy" rating to a "hold" rating in a research report on Wednesday.
Get Our Latest Research Report on LG Display
LG Display Stock Up 4.1 %
The firm's 50 day moving average is $4.25 and its two-hundred day moving average is $4.64. The firm has a market cap of $2.93 billion, a P/E ratio of -1.39 and a beta of 1.43. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 1.30.
LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings data on Friday, March 8th. The electronics maker reported $0.06 earnings per share for the quarter. LG Display had a negative net margin of 12.93% and a negative return on equity of 27.97%. The business had revenue of $5.61 billion for the quarter. As a group, research analysts anticipate that LG Display Co., Ltd. will post -0.9 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. bought a new stake in shares of LG Display in the third quarter worth $140,000. Rhumbline Advisers lifted its position in shares of LG Display by 2.4% in the third quarter. Rhumbline Advisers now owns 462,558 shares of the electronics maker's stock worth $2,257,000 after purchasing an additional 11,005 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of LG Display in the third quarter worth $61,000. Xponance Inc. bought a new stake in shares of LG Display in the third quarter worth $50,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of LG Display by 17.2% in the second quarter. PNC Financial Services Group Inc. now owns 63,927 shares of the electronics maker's stock worth $387,000 after purchasing an additional 9,375 shares in the last quarter.
About LG Display
(
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LG Display Co, Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.
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